CALIFORNIA LIFE ACCIDENT AND
HEALTH EXAM PRACTICE COMPLETE
STUDY GUIDE WITH PRACTICE
QUESTIONS, ANSWERS AND
COMPREHENSIVE INSURANCE LICENSE
REVIEW | GRADED A+ | GUARANTEED
SUCCESS
Updated 2026 Questions and Answers | 100% Verified
Exam Prep
,D A(N) ________ INSURER IS AUTHORIZED TO WRITE INSURANCE POLICIES IN A
ADMITTED PARTICULAR STATE.
A
DOMESTIC
B
NON-ADMITTED
C
FOREIGN
D
ADMITTED
B WHICH OF THE FOLLOWING IS CLASSIFIED AS AN INSURANCE BROKER?
A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON A
BEHALF OF AN INSURED A PERSON WHO PLACES COVERAGE FOR HIS/HER OWN INSURANCE
B
A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN INSURED
C
A PERSON IN THE HOME OFFICE WHO DOES NOT SOLICIT OUTSIDE OF THE OFFICE
D
AN EMPLOYEE WHO NEGOTIATES INSURANCE CONTRACTS FOR HIS/HER EMPLOYER
C THE INSURANCE CONTRACT IS SAID TO BE A CONTRACT OF UTMOST GOOD FAITH,
EACH PARTY IS ENTITLED TO RELY UPON THE BECAUSE:
REPRESENTATIONS OF THE OTHER THAT THERE IS NOTHING A
CONCEALED OR DISHONEST CONCEALMENT OF KNOWN FACTS ON THE PART OF THE INSURED WILL VOID THE
CONTRACT
B
THE INSURER HAS DRAWN UP THE CONTRACT AND, THEREFORE, THERE IS NO
INTENT TO DECEIVE
C
EACH PARTY IS ENTITLED TO RELY UPON THE REPRESENTATIONS OF THE OTHER THAT
THERE IS NOTHING CONCEALED OR DISHONEST
D
THE INSURED MUST WARRANT THAT HIS/HER REPRESENTATIONS ARE TRUE
,A WHICH OF THE FOLLOWING BEST DESCRIBES A CONTRACT OF INDEMNITY UNDER
THE INSURED IS RESTORED TO THE SAME FINANCIAL INSURANCE?
CONDITION AS PRIOR TO THE LOSS, WITH NO INTENT OF A
LOSS OR GAIN THE INSURED IS RESTORED TO THE SAME FINANCIAL CONDITION AS PRIOR TO THE
LOSS, WITH NO INTENT OF LOSS OR GAIN
B
THE INSURED INDEMNIFIES THE INSURER FOR ANY EXPENSES IN ADJUSTING THE
LOSS
C
THE INSURED SUSTAINS A LOSS AS A RESULT OF THE LOSS
D THE INSURED IS RESTORED TO A FINANCIAL CONDITION AS GOOD AS, OR BETTER
SURPLUS THAN, THE INSURED WAS BEFORE THE LOSS
___________ INSURANCE IS USED TO PROVIDE COVERAGE WHEN INSURANCE IS NOT
AVAILABLE FROM AN ADMITTED CARRIER.
A
FACULTATIVE
B
DOMESTIC
C
ALIEN
D
SURPLUS
C WHICH OF THE FOLLOWING RISKS IS PROTECTED BY INSURANCE?
PURE RISK A
CERTAIN RISK
B
SPECULATIVE RISK
C
PURE RISK
D
INVOLUNTARY RISK
, A A GOOD EXAMPLE OF RISK REDUCTION MIGHT BE:
WHEN ONE TAKES ACTION TO MINIMIZE THE SEVERITY OF A
A POTENTIAL LOSS WHEN ONE TAKES ACTION TO MINIMIZE THE SEVERITY OF A POTENTIAL LOSS
B
THE ELIMINATION OF THE EXPOSURE TO A SPECIFIC RISK
C
THE TRANSFER OF THE RISK TO AN INSURANCE COMPANY
D
INSURING ONLY THOSE RISKS THAT THREATEN THE FINANCIAL STABILITY OF THE
INSURED
B AN INSURER THAT IS AUTHORIZED TO DO BUSINESS IN A PARTICULAR STATE IS SAID
ADMITTED TO BE:
A
NON-ADMITTED
B
ADMITTED
C
DOMESTIC
D
FOREIGN
C WHICH INSURER'S OWNER RECEIVES TAXABLE CORPORATE DIVIDENDS AS A
STOCK RETURN OF PROFIT?
A
MUTUAL
B
RECIPROCAL
C
STOCK
D
FRATERNAL
HEALTH EXAM PRACTICE COMPLETE
STUDY GUIDE WITH PRACTICE
QUESTIONS, ANSWERS AND
COMPREHENSIVE INSURANCE LICENSE
REVIEW | GRADED A+ | GUARANTEED
SUCCESS
Updated 2026 Questions and Answers | 100% Verified
Exam Prep
,D A(N) ________ INSURER IS AUTHORIZED TO WRITE INSURANCE POLICIES IN A
ADMITTED PARTICULAR STATE.
A
DOMESTIC
B
NON-ADMITTED
C
FOREIGN
D
ADMITTED
B WHICH OF THE FOLLOWING IS CLASSIFIED AS AN INSURANCE BROKER?
A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON A
BEHALF OF AN INSURED A PERSON WHO PLACES COVERAGE FOR HIS/HER OWN INSURANCE
B
A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN INSURED
C
A PERSON IN THE HOME OFFICE WHO DOES NOT SOLICIT OUTSIDE OF THE OFFICE
D
AN EMPLOYEE WHO NEGOTIATES INSURANCE CONTRACTS FOR HIS/HER EMPLOYER
C THE INSURANCE CONTRACT IS SAID TO BE A CONTRACT OF UTMOST GOOD FAITH,
EACH PARTY IS ENTITLED TO RELY UPON THE BECAUSE:
REPRESENTATIONS OF THE OTHER THAT THERE IS NOTHING A
CONCEALED OR DISHONEST CONCEALMENT OF KNOWN FACTS ON THE PART OF THE INSURED WILL VOID THE
CONTRACT
B
THE INSURER HAS DRAWN UP THE CONTRACT AND, THEREFORE, THERE IS NO
INTENT TO DECEIVE
C
EACH PARTY IS ENTITLED TO RELY UPON THE REPRESENTATIONS OF THE OTHER THAT
THERE IS NOTHING CONCEALED OR DISHONEST
D
THE INSURED MUST WARRANT THAT HIS/HER REPRESENTATIONS ARE TRUE
,A WHICH OF THE FOLLOWING BEST DESCRIBES A CONTRACT OF INDEMNITY UNDER
THE INSURED IS RESTORED TO THE SAME FINANCIAL INSURANCE?
CONDITION AS PRIOR TO THE LOSS, WITH NO INTENT OF A
LOSS OR GAIN THE INSURED IS RESTORED TO THE SAME FINANCIAL CONDITION AS PRIOR TO THE
LOSS, WITH NO INTENT OF LOSS OR GAIN
B
THE INSURED INDEMNIFIES THE INSURER FOR ANY EXPENSES IN ADJUSTING THE
LOSS
C
THE INSURED SUSTAINS A LOSS AS A RESULT OF THE LOSS
D THE INSURED IS RESTORED TO A FINANCIAL CONDITION AS GOOD AS, OR BETTER
SURPLUS THAN, THE INSURED WAS BEFORE THE LOSS
___________ INSURANCE IS USED TO PROVIDE COVERAGE WHEN INSURANCE IS NOT
AVAILABLE FROM AN ADMITTED CARRIER.
A
FACULTATIVE
B
DOMESTIC
C
ALIEN
D
SURPLUS
C WHICH OF THE FOLLOWING RISKS IS PROTECTED BY INSURANCE?
PURE RISK A
CERTAIN RISK
B
SPECULATIVE RISK
C
PURE RISK
D
INVOLUNTARY RISK
, A A GOOD EXAMPLE OF RISK REDUCTION MIGHT BE:
WHEN ONE TAKES ACTION TO MINIMIZE THE SEVERITY OF A
A POTENTIAL LOSS WHEN ONE TAKES ACTION TO MINIMIZE THE SEVERITY OF A POTENTIAL LOSS
B
THE ELIMINATION OF THE EXPOSURE TO A SPECIFIC RISK
C
THE TRANSFER OF THE RISK TO AN INSURANCE COMPANY
D
INSURING ONLY THOSE RISKS THAT THREATEN THE FINANCIAL STABILITY OF THE
INSURED
B AN INSURER THAT IS AUTHORIZED TO DO BUSINESS IN A PARTICULAR STATE IS SAID
ADMITTED TO BE:
A
NON-ADMITTED
B
ADMITTED
C
DOMESTIC
D
FOREIGN
C WHICH INSURER'S OWNER RECEIVES TAXABLE CORPORATE DIVIDENDS AS A
STOCK RETURN OF PROFIT?
A
MUTUAL
B
RECIPROCAL
C
STOCK
D
FRATERNAL
